According to esgnews.com, Nasdaq reduced its market-based greenhouse gas emissions to 72,188 tonnes of CO₂e in 2025, a 17% decline from 87,088 tonnes in 2024 and down from 107,844 tonnes in 2023.
Emissions Intensity and Renewable Electricity
Emissions intensity fell from 11.6 tonnes per employee in 2024 to 9.6 tonnes in 2025. The company sourced 100% renewable electricity for all offices and data centres, supporting its broader climate strategy aligned with a 1.5°C decarbonisation pathway. Nasdaq’s original science-based targets were approved by the Science Based Targets initiative in 2022; updated targets were validated in 2025 to reflect operational changes.
Scope 3 Dominates Emissions Profile
Scope 3 emissions accounted for 71,903 tonnes of CO₂e in 2025 — more than 99% of Nasdaq’s total market-based emissions. Purchased goods and services generated 44,359 tonnes, business travel contributed 7,656 tonnes, and investments added 5,080 tonnes. Emissions from purchased goods and services dropped 24% year on year; business travel emissions fell 39%, and employee commuting emissions declined 22%.
Supplier Engagement and Technology Accountability
Supplier-related emissions represented nearly 56% of Nasdaq’s total emissions in 2025 and decreased about 22%, partly due to activity-level data integration from one major supplier. Nasdaq expanded environmental disclosure requests via CDP’s Climate Change survey to its 300 largest suppliers and aims for suppliers representing 70% of spending on purchased goods, services and capital goods to set or commit to science-based targets by 2029. Most AI-related emissions stem from third-party cloud infrastructure and fall within Scope 3.
Leadership Perspective on Long-Term Value
“The most successful sustainability initiatives are those that can be upheld for the long-term, and the groundwork we laid in recent years will help us do just that,” says Adena T. Friedman, Chair and CEO, Nasdaq.
“The most successful sustainability initiatives are those that can be upheld for the long-term, and the groundwork we laid in recent years will help us do just that.” — Adena T. Friedman, Chair and CEO, Nasdaq
Nina Eisenman, Vice President, Head of Corporate Sustainability Strategy and Reporting, Nasdaq, emphasized that sustainability is “integral to our role as a trusted partner to our clients and a foundational part of the financial system.”
“We see sustainability not as a separate function, but as integral to our role as a trusted partner to our clients and a foundational part of the financial system.” — Nina Eisenman, Vice President, Head of Corporate Sustainability Strategy and Reporting, Nasdaq
Sarah Youngwood, EVP & CFO at Nasdaq, noted that being “Future Forward” means aligning work with forces shaping the global financial system while reinforcing transparency and resilience.
Source: esgnews.com
Compiled from international media by the SCI.AI editorial team.
